A person subscribed to right issue to making payment through cheque on last day of offer, if the company do not encash the cheque. Does that person still becomes applicable for shares under right isssue ????
nitin123 21 September 2016
A person subscribed to right issue to making payment through cheque on last day of offer, if the company do not encash the cheque. Does that person still becomes applicable for shares under right isssue ????
Suri.Sravan Kumar (senior) 21 September 2016
contract comes into existance only when the chq is encashed
Kumar Doab (FIN) 21 September 2016
If T&C narrate that until last date payment can be deposited by cheque, then copamy has erred.
Show all dcos on record to a very able counsel.
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